Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1887-04-16

DAYTON New, March IS. 1887.
Ed. TMRs:-Observine in number OF Nevade
papers Q somewhat attractive advertisements OF
the Home BENEFIT Life Association. and not thor
ouehly learning their mode of conducting bust-
ness from the announcement referred to, It has
occurred to me that little inquiry calculated to
throw more light on the subject. would be accept.
able to the citizens Of Nevada.
The declaration: No Membership Feel No An
nual Dues! No Medical Feel is intended 70 con-
the idea that the cost Of insur ID cheaper
in this association than In other equally responsi-
BILE associations making legitimate charges Of the
nature referred to, and the question naturally
arises: How do you meet the expenses Of con-
Quoting your businesss Do your managers, agents,
solicitors end medical examiners work for nothing
out Of pure philanthropic regard for the suffering
public, or do they receive adequate remuneration;
for their services out Of the frss and second of
the SIX assessments year modestIy announced
as covering the entire COST In the latter event.
is 1t not possible that instead Of little cheap in
sureanc,a great dealof cheap bupcomhe Ia being
palmed off on the citizens Of this statef
The statement that the Home Benedt Associar
tion issues definite contracts with cash sursndsg.
value is somewhat vague. VIII the gentlemen tn
chsrge kindly rise and explain what the de1intts
cash surrender value Of any policy issued here
statement o the amounts distributed 70 the mem
bers from the reserve fund or used to pay their
assessments based upon the actual WORKINGS Of
the association during the last eight years. and
what percents GO these rebates constitute Of the
total amounts contributed by the memberss
Does the statement that these are amounts"col-
leCtcu IN txcebo Oh mOrtAUty anu e2pcubee nc
count for the existence Of the reserve fund.- If
SO. why are such onerous burdens placed upon
conhding members of the Home Benent Associa-
ton In excess OF what IL absolutely necessary 10
cover the actual @ st of their insurance.
Or is this fund the result Of that peculi-
ar system of enforcing SIX assessments per an
mum, even although THREE should Dc more
than sufficient to the liabilities Of the asso
citation In any particular year where the death
losses do not call for more? In view Of the mod.
est tnsinuation Of cheap insurance. IL IL perhaps
desirable to estimate the cost Of pohcy under
this system Of the Home Benefit Life Association.
At the age Of nifty policy Of $4,000 villa cos
amounting to S25 SO per 81 900 per apnm. or total
for $4,000 Of sass 50, without making sny direct
charge for annusl dues, admission fee or medical
examination; whilst the cost Of similar insurance
Of an equal amount, namely $4,000. In the most
progressive and responsible association on the
Coast last year was as follows:
First cost of certificate. including men,
bership, annual dues and medical ex- q
Two assessments Of ISL 50 each. . Is 90
Total cost Of &c. 600 insurance for year s lag 90
Cost Of similar insurance in the Home
Benefit, Is above noted. ............... 255 30
Difference In favor Of member insured
by Bankers and Merchants Mutual "
Lire. for year. ..........-S l2s ~
Or. In other words the cost OF insurance under
the Plain. Straightforward system OF the Bankers
than one-half the amount charged by the Home
Benefit Life Association. Perhaps the philan-s
thropic agents will explain how sueh things cam
be, and Overcome US like . summer cloud" Let
US have more light, gentlemen. ON this question,
ANrI-BUNCOMBK.